We just got news not five minutes ago from our rep that FF is ka-put. They just went out of business. I really thought that they may weather the storm. They seemed to be pretty strong in this market, just a couple of weeks ago they re-released their CORE product line.
I guess meryl had enough. Interestingly Decision one was shut down last friday. I was begining to think that we had already seen the bottom fall out of this subprime fiasco. I guess not.
I wonder who will go next, I wonder if there will be any remotely risky loans left when this is all said and done. Very strange market that we are operating in.
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